question about old debt?

A long time ago me and my ex had a loan and credit card which we got in trouble with and never ended up paying back, this is no longer on my credit file and I have saved money up to pay it off now I am in a more stable financial position. The total owed was about 9k but I have no idea who I owe the debt too. I remember receiving all the threatening letters but can't remember who I actually owe the money too. The original loan was with my bank halifax and credit card with MBNA (who bizarrely have since given me a 36 month interest free credit card with 7k limit which i used to transfer a balance for my car loan to thank you kindly), it then went on to a debt collection company and passed on to various people. Nothing shows on my credit record about who I owe this money too and everyone is saying just forget about it. We are looking to buy a house in the next 6 months and have a mortgage in principle with the bank so I know this old debt wont affect that, I am wondering if I should put the money I have saved up to pay this off or use it as extra deposit on the house we buy? Is it likely that 8 years down the line someone will come knocking at the door for it? I don't think I have ever had a letter about it since moving out of the house I had with my ex about 4 years ago.

Thanks in advance for any advice


  • fatbelly
    fatbelly Posts: 20,178
    Name Dropper First Anniversary First Post Cashback Cashier
    Is it 8 years since you last made a payment to it?

    If so, and they haven't got a ccj, then the debt is unenforceable (England/Wales) or 'extinguished' (Scotland) and either way you can put the money to better use elsewhere and forget about it.

    If it does come out of the woodwork you can tell the new owner/collector that you are not paying because it's statute barred under the Limitation Act.
  • inacrisis
    inacrisis Posts: 105 Forumite
    Yeh I think at least 7 years since we last made a payment too it. Probably 4 years since I last received a letter. I never had a CCJ in regards to them.

    Thanks for your reply :)
  • sourcrates
    sourcrates Posts: 28,493
    First Anniversary Name Dropper First Post Photogenic
    It would be statute barred now, if anyone should contact you about it, you wound send a letter stating it was statute barred, normally that would be the end of it.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- The "provit letter" is here-
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